FXstreet.com (Córdoba) - The Swiss Franc is rising for the third day in a row against the Dollar. USD/CHF bottomed at 1.0231 posting the lowest price since September 24. Form there the pair recovered but found resistance at 1.0280. Currently it trades at 1.0267/70, 0.47% below today's opening price.
On a wider point of view, the Dollar is still facing a big selling pressure as the downtrend line in daily charts remains intact. A break below 1.0200 could take the pair to 1.0175 (Sept 23 low / year low). If Dollar fails to hold, the pair could open the doors to the 1.000 zone.